You'd have to have a crazy niche market to get $8/bd ft. Common to get that size through central Peidmont into Appalachia. In fact on many clearcuts it was something that often ended up in the burn piles or in slash rows until the chip market for fuels developed. In short, not a huge market that I know of.
Good tie wood, flooring, et all. Nice tough lumber.
Earlier post by WV Sawmiller is spot on about what a great wildlife mast tree, preferred mast for turkey, bear, deer, tree rats, etc. Great great tree. Very neat effect on the understory due to leaf litter choking out competition. About the only thing to come up under a beech forest is more beech (some understory trees also survive- holly, dogwood, etc) so a beech forest looks nice. Wives like them in my experience.